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energy performance contracting

as defined in Directive 2012/27/EU of the European Parliament and of the Council of…, Article 2, point (27) (Definitions)

a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings

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